Types of International Trade Strategies
Let’s see what some of the most common types of international trade strategies are and how ATI can help you create one.
Before we begin, let’s take a look at what the US import and export landscape looked like for the year 2019:
The US happens to be the leading nation in terms of international trading. As of 2019, it had over $5.6 Trillion worth in goods and services import/export. The country maintains trade relationships with over 200 countries, regional associations, and territories.
In terms of goods export, the country maintains a 2nd position on the world map. In 2019, the total goods exports totaled about $1.6 trillion which were a 1.4% down from the previous year. Canada, the neighboring country, happens to be the biggest purchaser of US-based goods. It accounted for over 17.8% of the total goods exported by the United States.
The top 5 buyers of goods from the US in 2019 were - Mexico at $256.6 billion, Canada ($292.6 billion), Japan ($74.4 billion), the UK ($69.1 billion), and China ($106.4 billion). The goods exported to the EU 27 were estimated at roughly $267.6 billion.
The US is also the biggest importer of goods from around the world. It imported goods worth around $2.5 trillion in the year 2019 which were down by $40.2 billion from the previous year. China was the biggest supplier of goods that year to the US. It accounted for about 18% of the total yearly import in products.
The top 5 suppliers for the US for 2019 were - China ($452 billion), Germany ($128 billion), Canada ($319 billion), Mexico ($358 billion), and Japan ($144 billion). The European Union supplied goods worth $515 billion.
The United States continues to be the world leader by being the biggest services exporter across the globe. In 2019, the country exported services worth $875.8 billion which was down by 1.6% compared to the year before.
The services exports account for about 35% of total US exports. The biggest buyer of US-based services that year was the UK which accounted for about 9% of the total services exports.
The biggest purchasers of US services exports that year were - Canada ($67.7 billion), the United Kingdom ($78.3 billion), China ($56.5 billion), Ireland ($57.5 billion), and Japan ($50.0 billion).
U.S. services exports to the European Union 27 were $200.3 billion.
In 2019, the United States imported services worth roughly $588.4 Billion, which was again a reduction of 4.7 per cent from the previous year, 2018. The UK was, once again, the biggest supplier of services which accounted for about 11% of the total US-based service imports that year.
The top major service import suppliers for the US are - the UK ($62.3 billion), Japan ($35.8 billion), Canada ($38.5 billion), Mexico ($29.8 billion), Germany ($34.9 billion). The European Union imported services worth $145.9 billion in 2019.
ATI or American Traditional International is a US-based Export Trading Company founded in 1995. The company has been functional for more than 2 decades. We live by the philosophy of facilitating international trade between multiple business venues with cultural sensibility and global awareness.
Here at American Traditional International we primarily deal in exporting food and beverage products manufactured by US-based companies. Our company maintains a retail network spread across 80 markets worldwide.
As part of its export-import logistics management, we also handle the following aspects of the export business:
Our company puts together exciting campaigns for all US products. This notifies the potential customers of all the new and exciting product launches about to hit the market.
Our ATI staff works with its retail customers to coordinate in-store displays, product tasting events, and a lot more.
As part of our ATI capabilities, we partner up with suppliers to come up with government funding reserves and invest the funding towards product marketing and advertising.
We also work with overseas partners to grab advertising opportunities. An example of these advertising opportunities has been products on billboards, magazines, TV, radio, and more.
As part of its logistics management, we offer the following services:
As part of its in-house logistics, ATI maintains a consolidated shipment of products from multiple manufacturers. This helps us alleviate the pressure on customers when it comes to ordering fully-loaded containers of goods right on the first order.
American Trading International maintains as many as 14 different manufacturers' consolidations in one container.
Here are some other benefits of working with us at ATI:
Whether it’s selling via air, land, or sea - ATI has the necessary expertise to handle it all. Over the years our company has helped countless manufacturers in the US find a strong footing in overseas markets.
Questions on what ATI can do for your business? Call us today at +1 (310) 445-2000 or fill out our form on the contact us page.
BLOG & Articles
Let’s see what some of the most common types of international trade strategies are and how ATI can help you create one.
The world’s biggest export markets are a fascinating and diverse group. Here's all you need to know.
In this article, ATI explores some of the most common small export business problems and how you can overcome them. Keep reading to discover more.
Before you expand into new markets, you need to ensure that your products and services comply with international market entry requirements. Here's how to do that.